Economics · Social Choice Theory
Which of the following correctly describes the Arrow Impossibility Theorem conditions? A. Unrestricted Domain (UD): The social welfare function must work for all possible individual preference orderings. B. Pareto Principle (PP): If all individuals prefer A to B, society must prefer A to B. C. Independence of Irrelevant Alternatives (IIA): Social ranking of A vs B depends only on individual rankings of A vs B, not on rankings involving a third alternative C. D. Non-Dictatorship (ND): There exists one individual whose preferences always determine society's preferences. E. Arrow proved that no social welfare function can simultaneously satisfy UD, PP, IIA, and ND when there are at least 3 alternatives and 2 individuals. Which statements correctly state Arrow's conditions (not the theorem result)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A, B, C, D and E
- 2A, B and C only✓
- 3A, B, C and D only
- 4A, B and C only
Correct answer
A, B and C only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Social Choice Theory MCQs →Want more practice questions on Social Choice Theory?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Social Choice Theory